Market Insights:
Artificial Organ And Bionics Market size was valued at USD 25.4 Billion in 2021, registering a CAGR of 9.4% during the forecast period (2022-2030), and the market is projected to be worth USD 57.1 Billion by 2030.
Artificial organs are human-made organs. These organs are placed into human bodies with living tissues and can perform functions comparable to human body parts. Bionics is the mechanical enhancement or replacement of bodily components. Because prosthetic organs are constructed of plastic and are seeded with stem cells from the relocated recipient, the body’s immune system does not reject them.
Artificial Organ And Bionics Market Research Report” was just released by Market Research Community. It is divided into several categories, including By type (Artificial Bionics, Artificial Organs), By Technology (Electronic Bionics, Mechanical Bionics), By Application (Clinical Research Institutions, Hospitals, Academic Centers), By Industrial vertical (Healthcare, Research and Academic Institutes, Others) and companies (Edward Lifesciences Corporation; Ekso Bionics; Heartware International, Inc.; Iwalk, Inc.; Jarvik Heart, Inc.; Syncardia Systems LLC., Zimmer Biomet; Medtronic; Abbott; ABIOMED Inc.; Berlin Heart Gmbh; Biomet, Inc.; Boston Scientific Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 9.4%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Artificial Organ And Bionics in the Healthcare IT industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Artificial Organ And Bionics also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Artificial Organ And Bionics in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 57.1 Billion |
| CAGR (2022-2030) | 9.4% |
| By Type | Artificial Bionics, Artificial Organs |
| By Technology | Electronic Bionics, Mechanical Bionics |
| By Application | Clinical Research Institutions, Hospitals, Academic Centers |
| By Industry Vertical | Healthcare, Research and Academic Institutes, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Edward Lifesciences Corporation; Ekso Bionics; Heartware International, Inc.; Iwalk, Inc.; Jarvik Heart, Inc.; Syncardia Systems LLC., Zimmer Biomet; Medtronic; Abbott; ABIOMED Inc.; Berlin Heart Gmbh; Biomet, Inc.; Boston Scientific Corporation |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Artificial Organ And Bionics market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Edward Lifesciences Corporation; Ekso Bionics; Heartware International, Inc.; Iwalk, Inc.; Jarvik Heart, Inc.; Syncardia Systems LLC., Zimmer Biomet; Medtronic; Abbott; ABIOMED Inc.; Berlin Heart Gmbh; Biomet, Inc.; Boston Scientific Corporation
Market Segment Analysis:
By Type
Artificial Bionics
- Vision Bionics
- Ear Bionics
Artificial Organs
- Artificial Heart
- Artificial Kidney
By Technology
- Electronic Bionics
- Mechanical Bionics
By Application
- Clinical Research Institutions
- Hospitals
- Academic Centers
By Industry Vertical
- Healthcare
- Research and Academic Institutes
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Artificial Organ And Bionics industries in the region.
Key Artificial Organ And Bionics Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Artificial Organ And Bionics Market segments.
– Largest Market Share Held by Industry to Industry for Artificial Organ And Bionics
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Artificial Organ And Bionics Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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